India Capital Growth (LON:IGC) Trading 1.2% Higher – Still a Buy?

India Capital Growth (LON:IGC) shares were up 1.2% during trading on Wednesday . The company traded as high as GBX 175 and last traded at GBX 172. 209,780 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 276,647 shares. The stock had previously closed at GBX 170.

India Capital Growth Trading Up 1.2%

The company has a market cap of £113.35 million, a PE ratio of -7.40 and a beta of 0.70. The firm has a 50 day moving average of GBX 158.91 and a two-hundred day moving average of GBX 158.14.

India Capital Growth (LON:IGC) last announced its quarterly earnings data on Thursday, March 26th. The company reported GBX (23.23) earnings per share (EPS) for the quarter. India Capital Growth had a negative net margin of 70.78% and a negative return on equity of 13.65%.

India Capital Growth Company Profile

Fund Objective:
To provide long term capital appreciation by investing predominantly in listed mid and small cap Indian companies. Investments may also be made in large cap Indian companies where the Fund Manager believes long-term capital appreciation will be achieved. The Company may hold liquid assets (including cash) pending deployment in suitable investments. It is the Company’s declared policy not to hedge the exposure to the Indian Rupee.